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Economic Growth Quiz 72 (25 MCQs)

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1. Would the following be included or not included in GDP? Income earned from cashing in a U.S. savings bond.
2. Discuss the potential negative effects of rapid economic growth on the environment.
3. I'm able to show trend growth and actual growth on the same diagram, and I am able to illustrate the negative output gap and positive output gap on the same diagram.
4. At which stage of the economic cycle would you expect unemployment to begin to rise / employment begin to fall?
5. What is the example of a country that experienced rapid growth once better incentives and institutions were put into place?
6. Which of the following is NOT a goal of a labor union?
7. The most accurate definition of GDP is
8. What is the main natural resource found in Southwest Asia?
9. How is economic growth and development measured?
10. What is Short-Run Economic Growth?
11. If the real GDP for a given period is divided by the size of the population for that same period, it is known as
12. Brazil is building new factories and using newer technology. These are examples of _____
13. Some American Indians on the Great Plains lived in tepees because
14. Which of the following was NOT a disadvantage of urbanization?
15. Use the following quote to answer question # _____ : "The countries of Latin America and the Caribbean have invested strongly in education over the past decades, and our societies and economies are benefiting today from this investment. Enrollment has increased spectacularly in primary and secondary education." Marcio Barbarosa, United Nations, 2009 What is a likely consequence of the actions taken in the quote above?
16. The country of Brownsville has decided to invest heavily in new capital equipment and technology. The factor that has been described BEST influences _____
17. What economic practice helps motivate companies to keep prices low and improve product quality?
18. Which of these examples would describe growth due to improved human capital?
19. A country's GDP is the total dollar value of all _____ in one year.
20. _____ was a leader in the oil industry.
21. Define maximum output
22. How do ranchers identify their cattle?
23. What is the main source of economic growth in Bangladesh?
24. By including the quotation in paragraph 6 by the financier from Antwerp, the author is emphasizing that
25. How did the Oil Industry and Railroad Industry affect the Texas Population?
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